Retail Sales Decreased 1.6% In June 2014

August 13, 2014

Retail sales in June 2014 decreased 1.6 per cent below the $90.1 million recorded in June 2013, and after adjusting for the annual retail sales rate of inflation [measured at 1.6 per cent in June] the volume of retail sales decreased by 3.1 per cent.

All retail sectors experienced declines in sales revenue with the exception of motor vehicle retailers and liquor stores. Building material stores registered the largest decrease in sales of 10.5 per cent while motor vehicle retailers recorded the strongest increase of 32.0 per cent.

Residents returning to the Island declared overseas purchases valued at $4.3 million during June 2014. This contributed to a combined local and overseas spending total of $93.0 million.

The full June 2014 Retail Sales Index is below [PDF here]:

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Comments (9)

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  1. Rhonda says:

    Triangle Drifter says:
    December 27, 2013 at 10:42 am
    Oh say it isn’t so!!!! Consumer confidence, though modest, returning under the OBA. Now why would that be?

    I’ll bet Betty, in one of her forms will have an answer in awhile. Have to check with the PLP propaganda department first though.

  2. indi says:

    N***** r broke wat u think

  3. bluebird says:

    As our ecconomy continues to “DECLINE” for the “SIXTH” (6) year from the PLP/BIU Stimulas programe of $2.5Billion Dollars.
    Govermenr pension fund “UNDER FUNDED”" by a couple of Billion dollars
    Civil Service pension fund also UNDERFUNDED by about one Billion dollars.
    I am sure the PLP/BIU have some great idea’s of how to “SUCK BLOOD OUT OF Bermuda STONE”
    And the younger generation have been left a “HUGE DEBT” and HUGE Interest payments from the PLP/BIU,previous Administration.
    Maybe they can Paint over it with that $800,000.00 paint brush.

  4. Terry says:

    Now that’s funny Rhonda.

    According to my research the scale/s shows an increase of 45% in drunken driving and 66% in vehicle accidents and broken walls and damaged trees.

    Anyone want a cup of coffee?

  5. Coffee says:

    Still lagging behind the job losses which include Craig Cannonier who parroted the 2000 jobs for Bermudians . Does Craig have a job ?

    • The Underground Movement says:

      That was just an election promise — the theme got a lot of people who were falling in dire straits !
      It worked but now the tree of that Tree of words bears no Fruit.

  6. The Underground Movement says:

    No extra Money to spend – Rents are still high – many items in shops are still expensive as h…… – so what do you expect!
    Than there are still over a thousand people out of Work or many has taken jobs with just scrape by pay.
    If it wasn’t for the Cup Match buying rush a lot of these business would be out of business.
    I got a bad feeling that it’s going to get worse after summer.

  7. Local Yokle says:

    It is going to get worse. It took Bermuda 14 years to rack up over a billion dollars in debt and it would appear that the government is trying to fix this in a much shorter time. This will destroy the middle class and Bermuda will end up like many other countries where there are only rich and poor. With more money coming out of my pocket, I for one will not have any extra to pump into the local economy except for groceries, etc. Watch and see retail sales continue to fall…..